Once seen primarily as a place to store tokens, the crypto wallet is now the gateway to a full financial ecosystem. Bitget Wallet’s latest Onchain Report (May 2025) paints a clear picture: wallets are being used not only for trading and payments, but for earning, staking, exploring DApps, and remittance. Nowhere is this shift more pronounced than in Africa.
In a report shared with BitKE, 24% of Bitget Wallet’s survey respondents came from Africa and the continent features prominently in how crypto wallets are evolving from speculative tools to everyday financial lifelines.
Africa’s Use of Crypto Wallets: A Snapshot
According to the report, African users are among the most active globally:
- 53% use wallets to send crypto, second only to Southeast Asia.
- 52% use wallets for trading, showing a growing appetite for onchain market activity.
- 51% earn rewards via airdrops or campaigns, showcasing the role of wallets in income generation.
- 42% are engaged in earning yields through staking or farming, highlighting long-term crypto strategies.
- 45% use wallets for payments, turning crypto into a mainstream transactional method.
In many African markets, wallets have become mobile-first, all-in-one finance tools – often more reliable and accessible than traditional banks.
As Chris Maurice, CEO of Yellow Card, noted in the report:
“In many parts of Africa, the wallet isn’t a feature — it’s a financial lifeline.”
From Remittances to Rewards: Why Wallets Matter in Africa
Africa has long been a global hotspot for cross-border payments. Traditional remittance channels are costly and slow — which is why crypto wallets have emerged as a preferred alternative. Platforms like Bitget Wallet provide seamless, low-fee transfers across borders, allowing families and businesses to move money instantly.
But that’s just the beginning.
As BitKE previously reported, Bitget has been expanding its footprint in Africa by forging partnerships with regional payment providers and supporting localized tokens. In 2024, Bitget Wallet had already seen a 300% growth in active African users, the highest regional growth globally, driven by grassroots adoption in Nigeria, Kenya, and Ghana.
REPORT | #BitGet Saw Over 300% User Growth in Africa in 2024 – The Highest Regional Growth Globally
The report outlines milestones that propelled @bitgetglobal to become the second-largest exchange ecosystem by user base in 2024https://t.co/jYhUabHmp4 @BitgetWallet
— BitKE (@BitcoinKE) January 25, 2025
BitKE also highlighted the massive growth of BitGet non-custodial wallet on the continent at 950%+ over the past year, the fastest growth of any region.
REPORT | #BitGet Saw Over 300% User Growth in Africa in 2024 – The Highest Regional Growth Globally
The report outlines milestones that propelled @bitgetglobal to become the second-largest exchange ecosystem by user base in 2024https://t.co/jYhUabHmp4 @BitgetWallet
— BitKE (@BitcoinKE) January 25, 2025
What Makes Bitget Wallet Unique for African Users?
Bitget Wallet, with over 80 million global users and support for 130+ blockchains, has evolved into a comprehensive Web3 platform:
- Built-in DEX integration for onchain trading
- Staking and farming tools to earn passive income
- Token discovery and rewards tracking
- DApp browser for direct access to decentralized platforms
- Multilingual support tailored to local markets
Africa’s mobile-first, youth-driven population aligns perfectly with this vision. Gen Z and Millennials together make up 90% of Bitget Wallet’s user base in Africa — groups that are already comfortable with mobile payments and crypto apps.
A Broader Trend: Wallets as the New Superapps
The Bitget report identifies a trend toward wallet superapps – multi-functional platforms akin to Grab or WeChat in Asia. In regions with limited banking infrastructure, like parts of Africa, wallets are becoming the de facto banks.
They offer:
- Financial access to the unbanked
- Remittance alternatives for migrant workers
- Income generation through DeFi and airdrops
- Participation in emerging protocols and tokens
In many ways, Africa is skipping traditional fintech stages and jumping straight into Web3-native finance.
What’s Next for Crypto Wallets in Africa?
As Bitget Wallet continues to push toward becoming a “360° crypto gateway,” Africa will remain a critical market. From urban entrepreneurs in Nairobi to cross-border traders in Lagos, the next wave of users is already here — and they’re doing more than just HODLing.
They’re sending, earning, trading, farming, discovering, and exploring — all from one app.
“The wallet is no longer just a tool — it’s the starting point for how users send, earn, explore, and interact with everything onchain.” – Bitget Onchain Report
Africa’s rise in the crypto wallet revolution is not an anomaly — it’s a sign of where finance is heading. With the right infrastructure, smart partnerships, and user-focused design, wallets like Bitget are poised to become everyday financial tools across the continent.
As usage deepens and local utility grows, Africa won’t just be a market for crypto wallets – it will be the model for how they should work.
